TW EDNIC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TW EDNIC
Largest movements
- Receivables within one year +€18,098
up €18,098 (+67.9%), from €26,667 to €44,765
of which Trade receivables: +€16,311
- Tangible fixed assets +€1,896
up €1,896 (+65.5%), from €2,896 to €4,791
of which Land and buildings: +€2,732
- Cash -€1,850
down €1,850 (-11.7%), from €15,792 to €13,941
mainly Receivables within one year (-€18,098) and Contributions, distributions and other (-€12,279)
- Tax, wage and social debts +€16,429
up €16,429 (+174%), from €9,442 to €25,871
of which Taxes: +€9,467
- Trade debts +€7,699
up €7,699 (+74.5%), from €10,335 to €18,034
- Reserves -€3,583
down €3,583 (-17.5%), from €20,420 to €16,837
of which Distributable reserves: -€3,583
- Accrued charges and deferred income -€2,889
down €2,889 (-43.8%), from €6,602 to €3,713
- Gross operating margin +€67,603
up €67,603 (+146%), from €46,410 to €114,013
- Staff costs +€60,323
up €60,323 (+155%), from €38,866 to €99,189
- Taxes +€2,055
up €2,055 (+142%), from €1,442 to €3,497
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,068 | €66,838 | +€17,770 | +36.2% |
| Fixed assets | 21/28 | €2,896 | €4,791 | +€1,896 | +65.5% |
| Tangible fixed assets | 22/27 | €2,896 | €4,791 | +€1,896 | +65.5% |
| Land and buildings | 22 | €900 | €3,632 | +€2,732 | +304% |
| Plant, machinery and equipment | 23 | €125 | €17 | -€108 | -86.5% |
| Furniture and vehicles | 24 | €1,871 | €1,142 | -€729 | -39.0% |
| Current assets | 29/58 | €46,172 | €62,047 | +€15,875 | +34.4% |
| Amounts receivable within one year | 40/41 | €26,667 | €44,765 | +€18,098 | +67.9% |
| Trade receivables | 40 | €11,072 | €27,383 | +€16,311 | +147% |
| Other amounts receivable | 41 | €15,595 | €17,382 | +€1,787 | +11.5% |
| Cash at bank and in hand | 54/58 | €15,792 | €13,941 | -€1,850 | -11.7% |
| Deferred charges and accrued income | 490/1 | €3,714 | €3,340 | -€373 | -10.1% |
| Total equity and liabilities | 10/49 | €49,068 | €66,838 | +€17,770 | +36.2% |
| Equity | 10/15 | €22,420 | €18,837 | -€3,583 | -16.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,420 | €16,837 | -€3,583 | -17.5% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €20,220 | €16,637 | -€3,583 | -17.7% |
| Amounts payable | 17/49 | €26,648 | €48,001 | +€21,353 | +80.1% |
| Amounts payable within one year | 42/48 | €20,046 | €44,288 | +€24,243 | +121% |
| Trade debts | 44 | €10,335 | €18,034 | +€7,699 | +74.5% |
| Suppliers | 440/4 | €10,335 | €18,034 | +€7,699 | +74.5% |
| Taxes, remuneration and social security | 45 | €9,442 | €25,871 | +€16,429 | +174% |
| Taxes | 450/3 | €1,442 | €10,909 | +€9,467 | +656% |
| Remuneration and social security | 454/9 | €8,000 | €14,962 | +€6,962 | +87.0% |
| Other amounts payable | 47/48 | €269 | €383 | +€115 | +42.7% |
| Accrued charges and deferred income | 492/3 | €6,602 | €3,713 | -€2,889 | -43.8% |
| Remuneration, social security and pensions | 62 | €38,866 | €99,189 | +€60,323 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808 | €1,144 | +€336 | +41.6% |
| Other operating charges | 640/8 | €903 | €845 | -€58 | -6.4% |
| Gross operating margin | 9900 | €46,410 | €114,013 | +€67,603 | +146% |
| Operating profit (loss) | 9901 | €5,833 | €12,835 | +€7,002 | +120% |
| Financial income | 75/76B | €715 | €835 | +€120 | +16.8% |
| Recurring financial income | 75 | €715 | €835 | +€120 | +16.8% |
| Financial charges | 65/66B | €1,745 | €1,477 | -€268 | -15.3% |
| Recurring financial charges | 65 | €1,745 | €1,477 | -€268 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €4,803 | €12,193 | +€7,390 | +154% |
| Income taxes | 67/77 | €1,442 | €3,497 | +€2,055 | +142% |
| Profit (loss) for the period | 9904 | €3,361 | €8,696 | +€5,335 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €3,361 | €8,696 | +€5,335 | +159% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.